Theratechnologies to further evaluate potential sale of the company

Theratechnologies (THTX) announced that following careful consideration of the current circumstances, including the publicly announced proposal from Future Pak, the Board of Directors of the company has decided to further evaluate the potential sale of the company through an open and non-exclusive process. In connection with this determination, the Board has authorized the special committee, consisting of independent and disinterested directors, to oversee the process and make a recommendation to the full Board. To support this process, in addition to Barclays as financial advisor and Fasken as legal advisor, the Special Committee has also engaged Raymond James as independent financial advisor and Norton Rose Fulbright as independent legal advisor. There is no assurance that discussions with Future Pak or any other interested party will result in a transaction. The company would like to reassure its clients, employees and partners that while these discussions may be ongoing, operations continue in the normal course. The company does not intend to provide further updates or comments with respect to the foregoing, other than as required pursuant to applicable securities laws.